Carborundum Universal share price today

Carborundum Universal Ltd's share price was ₹1,093.40 at the close on 4 November 2026. It has been rising for 24 weeks. That is 3.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹756 and ₹1,279, and at that close it sat 65% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Carborundum Universal Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 8 weeks in a row.

Over the last 11 years the share price moved +533% while the NIFTY 500 moved +241%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 15 quarters, revenue up on a year earlier for 8 quarters in a row and indian funds and insurers (DIIs) cut their stake for 3 quarters in a row.

1. Lowest operating margin in 15 quarters

   Operating margin was 9% in the June 2026 quarter, against 10% a year earlier.

   Why: Costs rose more than prices did. Oil-based inputs and fuel got dearer, and seasonal volume loss in Abrasives hurt, while Ceramics also carried higher fuel and alumina costs and costs from new lines not yet fully used.

   Next results: check whether Abrasives margins recover as prices rise and costs are absorbed better.

   From the earnings call on 10 Aug 2026.

2. Revenue up on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹1,427 crore, +17.1% on a year earlier.

   Why: The company sold more across its three main businesses. Abrasives grew at home and abroad, Electrominerals exports and treated products did better, and Ceramics demand improved.

   Next results: check whether Ceramics sales grow 23-25% as management now expects.

   From the earnings call on 10 Aug 2026.

3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 30% to 28.8% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Carborundum Universal reported revenue of ₹1,427 crore, up 17.1% from ₹1,219 crore a year earlier, and a profit of ₹80.0 crore, up 33.3% from ₹60.0 crore.

Carborundum Universal results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Carborundum Universal's management discussed these results on a call held on 10 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Carborundum Universal closed at ₹1,093.40 on 4 November 2026, up 19.3% from ₹916.20 a year earlier (7 November 2025) and up 28.9% over five years. Its highest weekly close since March 2016 was ₹1,773.95 on 14 June 2024.

Carborundum Universal share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 18 March 2016 to 4 November 2026.

4 Nov 2026: Carborundum Universal closed at ₹1,093.40, up 6.1% on the week and down 11.8% on the month. 10 Aug 2026: Carborundum Universal held its results call for April to June 2026. Management guided: FY27 reported consolidated sales growth approximately 4-4.5%; comparable growth approximately 15% excluding Foskor and Awuko in both periods.

Earlier

• 31 Jul 2026: ex-date for a dividend of ₹2.50 a share.
• Results for April to June 2026: Revenue up 17.1% and profit up 33.3% on a year earlier.
• 4 Feb 2026: ex-date for an interim dividend of ₹1.50 a share.

Carborundum Universal paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.37% at the ₹1,093.40 close on 4 November 2026. The last was a dividend of ₹2.50 a share, ex-date 31 July 2026.

Carborundum Universal dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Carborundum Universal Ltd paid out 39% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 10 August 2026, Carborundum Universal's management guided: FY27 reported consolidated sales growth approximately 4-4.5%; comparable growth approximately 15% excluding Foskor and Awuko in both periods.

“We always wait at least 4-8 quarters to see whether these are temporary trends or whether fundamental conditions are changing.”Rangarajan, MD, on the call for April to June 2026

What management guided

• FY27 segment sales: Abrasives 5.5-6% reported and 11-12% excluding Awuko; Ceramics 23-25%; Electrominerals down 6.5-7% reported and up 9-10% excluding Foskor.
• Full-year consolidated margins: Abrasives around 9.5-10% excluding Awuko loss, Ceramics 20.5-21%, Electrominerals 9-9.5% excluding Foskor loss.
• FY27 consolidated capital spending about ₹400 crore.
• RODIUS FY27 sales growth 5% with a small profit loss.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 10 August 2026.

When Carborundum Universal reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Standalone Abrasives margin recovery after seasonal volume and oil-linked cost pressure - check price realization and cost absorption next quarter.

Carborundum Universal is on one of our India lists: Small & mid cap stocks.

Carborundum Universal Ltd earned ₹80.0 Cr of net profit in the Jun 2026 quarter, +33.3% on the same quarter a year earlier. Full-year FY26 profit was ₹168 Cr. Over 10 years profit has grown 0.8% a year on average. That is 5.6% of the quarter's revenue. The same quarter a year earlier earned ₹60.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹168 Cr (−43.8% on the year before).

Why profit moved: revenue changed +17.1% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −36.0% and revenue +10.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

Carborundum Universal Ltd reported ₹1,427 Cr of revenue in the Jun 2026 quarter, +17.1% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 10.4% a year on average. The last full year, FY26, came in at ₹5,206 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,414 Cr.

FY26 revenue was ₹5,206 Cr, +6.4% on the year before.

Recent pace: the last four quarters grew +10.2% on average, against 10.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.2%, against +7.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −23.4%, against −37.2% a year (accelerating).

Carborundum Universal Ltd's operating margin was 9.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 11.0% and 18.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −3.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 135% of Carborundum Universal Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹367 Cr of operating cash against ₹168 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹460 Cr of spending on assets, free cash was −₹93.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 135% of profit came in as cash: the cash cycle got 57 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Carborundum Universal Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 187 days in FY26, up from 130 days in FY21. It spent ₹1,083 Cr on assets over the last 3 years. Customers take 62 days to pay, and stock sits for 200 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,206 Cr, each day of that cycle ties up about ₹14.3 Cr, so roughly ₹2,667 Cr is tied up in the business at any time.

FY26: customers took 62 days to pay and stock sat for 200 days, about 6.6 months of sales sitting as stock, for a full cycle of 187 days, longer than FY21's 130.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 200 days. Customers pay about 62 days after that. Suppliers are paid at 76 days. Together that makes the 187-day cycle.

Spending on assets: ₹1,083 Cr over the last 3 years, against ₹650 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹141 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Carborundum Universal Ltd's P/E is 83.1×, near the high end of its own history: higher than 95% of past readings. Its usual P/E (the middle reading) is 39.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹10.99.